Rental market snapshot for Palo Verde, Tucson

Palo Verde rental market summary

The rental market in Palo Verde, Arizona is showing signs of growth. In July 2023, there were 60 new listings, a significant increase from the previous month. This suggests that more people are looking to rent in the area. The median rent in July 2023 was $1,095, a decrease of 2.7% from June 2023 and a decrease of 4.8% from July 2022. This suggests that rental prices are becoming more affordable in the area, making it an attractive option for renters.

Overall, the rental market in Palo Verde, Arizona is showing signs of improvement. With more listings and decreasing rental prices, the area is becoming an increasingly attractive option for renters. This could lead to an increase in demand for rental properties in the area, which could result in further decreases in rental prices.

Median rent for all residential properties in Palo Verde

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The most expensive listings and top trending buildings in Palo Verde

Most Expensive Listings

AddressRent PriceBed / Bath
2120 N Edison Ter$2,1003 / 2.0
3138 E Adams St$1,9503 / 2.0
3827 E Lee St$1,7003 / 2.0
3201 E Seneca St$1,5633 / 2.0
3710 E Bellevue St$1,4252 / 2.0

Top Trending Buildings

building nameavg rent price
Zillow Rental Network$949
NorthStarManagementAndConsultingInc$875
Chase Investment Realty$750

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Bedroom Breakdown in Palo Verde

Studio
$675
MEDIAN RENT
1 Bedroom
$887
MEDIAN RENT
2 Bedroom
$1,000
MEDIAN RENT

Palo Verde neighborhood apartments rents

The rental market for studios in Palo Verde, Arizona appears to be relatively stable, with only one new studio listing in June 2023. The median rent for studios in June 2023 was $675, though the median rent for May 2023 is not available, so it is not possible to determine the percent change in rent from May to June. Overall, the rental market for studios in Palo Verde appears to be relatively steady.

The rental market for 1-bedroom apartments in Palo Verde, Arizona is showing signs of stability. In July 2023, there were 4 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 1.4% from June 2023 to July 2023, from $900 to $887. This suggests that the rental market is not experiencing any significant changes in pricing or availability.

The rental market for 2-bedroom apartments in Palo Verde, Arizona is showing signs of growth. In July 2023, there were 3 new 2-bedroom listings, which is a 21.6% increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $1,000, which is a 21.6% decrease from the median rent in June 2023. This suggests that the rental market for 2-bedroom apartments in Palo Verde is becoming more affordable and is likely to continue to grow in the coming months.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Palo Verde is $1,095.
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